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tonight, cramer is talking to the ceo to get a real read on the economy. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal award two years in a row. ♪ accolade overdrive. zagat just gave hertz its top rating in 15 categories, including best overall car rental. so elevate your next car rental experience with the best. it's just another way you'll be traveling at the speed of hertz. >>> it is time, it's time for the lightning round. and then the lightning round is over. are you ready? time for the lightning round. yolanda in new york. >> caller: hi, cramer. how are you? >> great. >> caller: my husband and i watch you all the time and we think you're great. >> thank you. >> caller: we have co
tonight, cramer is talking to the ceo to get a real read on the economy. i don't spend money on gasoline. i am probably going to the gas station about once a month. last time i was at a gas station was about...i would say... two months ago. i very rarely put gas in my chevy volt. i go to the gas station such a small amount that i forget how to put gas in my car. [ male announcer ] and it's not just these owners giving the volt high praise. volt received the j.d. power and associates appeal...
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Oct 1, 2012
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and a read on the global economy from industrial real estate power house, plus getting set up for the fourth quarter coming at the top of the hour on "mad money." stay tuned. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can customize the strategies and narrow down to exactly those stocks you want to follow. i'm mark allen of fidelity investments. the expert strategies feature is one more innovative reason serious investors are choosing fidelity. now get 200 free trades when you open an account. when you take a closer look... ...at the best schools in the world... ...you see they a
and a read on the global economy from industrial real estate power house, plus getting set up for the fourth quarter coming at the top of the hour on "mad money." stay tuned. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male...
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Oct 2, 2012
10/12
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can you crack the calculus for growth in this economy? the answer for us is yes, we have been able to crack that calculus for growth. we haven't wasted the crisis. i guess that's the key. we've been able to ensure we can continue to increase investments in our brands, and that's why our brands are more relevant today and healthier today than they've been for all our history. >> where is it most challenging right now for you in the world? >> i think probably europe certainly is going to continue to go through some difficult times. not any worse than it's been. it is stabilizing. but it certainly is not going to see a recovery immediately. the recovery is going to be long in europe. in the united states, i think -- >> yeah, how about the u.s.? >> i believe that u.s. is going to lead the world out of this current stalemate for sure. we see some improving signs, consumer sentiment in the united states. housing is coming back in the united states. we're investing. we've invested $10 billion in the u.s. market over the last three years. we do s
can you crack the calculus for growth in this economy? the answer for us is yes, we have been able to crack that calculus for growth. we haven't wasted the crisis. i guess that's the key. we've been able to ensure we can continue to increase investments in our brands, and that's why our brands are more relevant today and healthier today than they've been for all our history. >> where is it most challenging right now for you in the world? >> i think probably europe certainly is going...
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Oct 1, 2012
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what does that mean for the economy? this is a bad fiscal tax cliff. >> listen, i'm not a big fan of the temporary tax cuts. i believe in lowering rates, permane permanently, deeply, that gets them the worst behaviors, invest more, tax more. i'm worried now that not only are we going to have higher taxes but the president's going to look at what's going on in france, maybe the tax rate should be 75% instead of 40%. economic patriotism should be the economic patriotism act. it will be 75%. >> let's keep it on topic, we're talking about the payroll tax cult which was done to stimulate payroll and consumption. >> and did nothing. >> i'm sorry, i actually see growth in certain sectors. we started the show talking about how good manufacturing -- you can't have it both ways. >> this has been the two worst recovery years in the history of the united states of america. >> it's stopped contracting. if you believe, i don't, jimmy does, but if you believe the payroll tax cuts stimulate consumption, what are you going to do when it'
what does that mean for the economy? this is a bad fiscal tax cliff. >> listen, i'm not a big fan of the temporary tax cuts. i believe in lowering rates, permane permanently, deeply, that gets them the worst behaviors, invest more, tax more. i'm worried now that not only are we going to have higher taxes but the president's going to look at what's going on in france, maybe the tax rate should be 75% instead of 40%. economic patriotism should be the economic patriotism act. it will be 75%....
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Oct 3, 2012
10/12
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take a listen to bill clinton. >> the economy is not fixed. i'm telling you nobody could have fixed this much damage in four years. but the president's economic plan is better in the short run, better in the long run and a vision of we're all in this together is a heck of a lot better than you're on your own. there is no you're on your own country in the world succeeding like those who have a good we're all in this together strategy. [cheers and applause] none, not one. the challenge for the president tonight though is back in early 2009 he said if he didn't turn around the economy for n. three years it would be a one-term proposition. that's the problem when you are incouple again you have got a record that's going to it be under microscope not just from the moderator but mitt romney as well, shep. >> shepard: it seems he has a strategy of his own for going after mitt romney. >> when you talk about the president's advisors he says this is all policy. the president could be on the defensive talking about jobs, talking about debt. what they are
take a listen to bill clinton. >> the economy is not fixed. i'm telling you nobody could have fixed this much damage in four years. but the president's economic plan is better in the short run, better in the long run and a vision of we're all in this together is a heck of a lot better than you're on your own. there is no you're on your own country in the world succeeding like those who have a good we're all in this together strategy. [cheers and applause] none, not one. the challenge for...
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Oct 1, 2012
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economy in 2013. we could get a point, point and a half up on gdp just from a revival in the housing. europe is a mess. i've thought the euro has to go down, went above 130, is a little lower now. they have to bring that down some. i've been stung by that. that's the only way i think they'll save the periphery. the periphery is going to be a mess for many years to come. there are fiscal reforms that will be slow and painful. as far as china is concerned it's stabilizing there, it's not easy to come off a mammoth real estate boom. they're doing a better job than we did. >> craig barrett is our guest host today, former intel chairman and ceo and talked about how technology is going to go the same way as the international markets, 70% to 80% of the sales of big tech companies are. do you worry about it coming back to our shores anything that's happening overseas and affecting our own home companies, too? >> there's no question. what is it, 40%, 45% of the profits of the s&p come from global non-u.s. sale
economy in 2013. we could get a point, point and a half up on gdp just from a revival in the housing. europe is a mess. i've thought the euro has to go down, went above 130, is a little lower now. they have to bring that down some. i've been stung by that. that's the only way i think they'll save the periphery. the periphery is going to be a mess for many years to come. there are fiscal reforms that will be slow and painful. as far as china is concerned it's stabilizing there, it's not easy to...
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Oct 1, 2012
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economy is doing better than the world right now. europe is not dealing with its fiscal problems, not dealing with the economic growth problems and i think there is still a lot of adjustments necessary in china and in asia because of the chinese problems and the united states we are gradually move ago long. we're gradually growing i think building momentum, particularly in housing and orders and i think that should allow the u.s. manufacturing sectors should be doing a bit better than around the world and that inneed is the days. >> do you believe we can hold onto growing plus 50 numbers through year end? i know barring all the vasslations in the individual data, can we built on this? >> it is a close call in manufacturing. of course we are affected by what's going on around the world in manufacturing. in the broader economy if you look at the housing sector, the consumer sector, various service sectors, yes, i think the u.s. economy can continue to grow steadily and pick up moment unas we get into next year. >> the market is reactin
economy is doing better than the world right now. europe is not dealing with its fiscal problems, not dealing with the economic growth problems and i think there is still a lot of adjustments necessary in china and in asia because of the chinese problems and the united states we are gradually move ago long. we're gradually growing i think building momentum, particularly in housing and orders and i think that should allow the u.s. manufacturing sectors should be doing a bit better than around...
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Oct 2, 2012
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what does this say about our economy and about what's going on in china? joins us is david, lenov ooleno president of north america. how did this get decided, and when does it all come down? >> what we will announce today is we're expanding or facility in north carolina to bring u.s. manufacturing starting in january through our think product portfolio. our think pad notebooks and think server workstations and servers. we're very excited about this. it's really bringing a differentiator for us versus the market. we believe there's a customer demand for u.s. manufacturing not only for the manufacturing presence but also what we could bring to differentiate ourselves around the customer experience that a local manufacturing plant provides us the flexibility to do. >> were these jobs that were elsewhere that are essentially being imported into the country, or are these new jobs? >> these will be new jobs we're creating. as you may not know, we're the faste fastest-growing pc player in north america for the last nine quarters and have expanded our presence in
what does this say about our economy and about what's going on in china? joins us is david, lenov ooleno president of north america. how did this get decided, and when does it all come down? >> what we will announce today is we're expanding or facility in north carolina to bring u.s. manufacturing starting in january through our think product portfolio. our think pad notebooks and think server workstations and servers. we're very excited about this. it's really bringing a differentiator...
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Oct 4, 2012
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high income people are doing just fine in this economy. they'll do fine whether you're president or i am. the people having the hard time are middle income americans. under the president's policy, middle income americans have been buried. they're being crushed. >> for 18 months he's been running on this tax plan. and now five weeks before the election he's saying that his big bold idea is never mind. and the fact is that if you are lowering the rates the way you describe, governor, then it is not possible to come up with enough deductions and loopholes that only affect high income individuals to avoid either raising the definite it or burdeneni ing the middle class. it's hamath. >> another hot topic, the deficit. >> it's now four years later, we still have trillion dollar defici deficits. >> $2.50 for every cut, we ask for a dollar of additional revenue paid for as i indicated earlier by asking those of us who have done very well in this country to contribute a little bit more to reduce the deficit. >> there were also some notable exchange
high income people are doing just fine in this economy. they'll do fine whether you're president or i am. the people having the hard time are middle income americans. under the president's policy, middle income americans have been buried. they're being crushed. >> for 18 months he's been running on this tax plan. and now five weeks before the election he's saying that his big bold idea is never mind. and the fact is that if you are lowering the rates the way you describe, governor, then...
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Sep 27, 2012
09/12
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] [ male announcer ] ...forbusiness.com. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. now we need a little bit more... a little bit more vanilla? this is great! [ male announcer
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [...
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Sep 27, 2012
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>> in terms of growth in the economy. has the economy worsened? job creation. >> no -- well, i think that, you know, as far as gdp, if you go off that, i think gdp will be higher in the second half of the year than it was in the second quarter. there has been a pattern in the last couple of years where the first half was weaker than the second half. we'll have to see if that kind of pattern persists. we do have this global slow down going on, and that is concerning. europe is in recession. asia has slowed down. global growth is slower than most people anticipated at the beginning of the year. the question i think for the u.s. is twofold. it would be that the u.s. is a winner in that game where we get the flight to safety, lower interest rates here and we do well through that. or it could be that global growth drags down the u.s. and sends us into a slower growth environment or even recession. so i think we want to look at both of those possibilities. i would have wanted to see more data on that and see how that's unfolding before we took action. >
>> in terms of growth in the economy. has the economy worsened? job creation. >> no -- well, i think that, you know, as far as gdp, if you go off that, i think gdp will be higher in the second half of the year than it was in the second quarter. there has been a pattern in the last couple of years where the first half was weaker than the second half. we'll have to see if that kind of pattern persists. we do have this global slow down going on, and that is concerning. europe is in...
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Oct 3, 2012
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economy. at the same time, he is said to be negotiating individually with the pe firms on the details of how his roughly 20% stake in the company would contribute and what role he might be playing after a buyout. and oracle ceo larry ellison says the company won't be making any major acquisitions during the next couple years. in an interview on "closing bell" yesterday, ellison said he is instead focused on growing organically. he also discussed the dividend. >> that's the decision of the oracle board of directors. i believe we'll gradually increase the dividend as opposed to dublg it or tripling it all at once. nothing dramatic. >> shares of oracle during the last year, take a look at it. 31.65. he's gotten close to the top there, joe. >> all right, andrew. thank you. >>> my stories don't deserve that music? okay. thank you. you know what? i'm so nervous now and unsettled, i don't know what's coming. >> we've been working on new music, trying to find new things -- >> those drums, though. i'm
economy. at the same time, he is said to be negotiating individually with the pe firms on the details of how his roughly 20% stake in the company would contribute and what role he might be playing after a buyout. and oracle ceo larry ellison says the company won't be making any major acquisitions during the next couple years. in an interview on "closing bell" yesterday, ellison said he is instead focused on growing organically. he also discussed the dividend. >> that's the...
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Oct 1, 2012
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i know about the ugly stagnant economy. what is mitt romney and paul ryan offering? that's what we'll get out of wednesday. >> gretchen: the denver debate will focus on domestic policy. >>> the search for a houston mom ending in tragedy. police found her body in odessa, texas, more than 500 miles away from her apartment. her ex-boyfriend reportedly led authorities to her remains and is under investigation. no murder charges have been filed yet. she was last seen september 22, the same night her boyfriend took their three-year-old son more than eight hours away to be with relatives. after he within miss, he told cops she had stormed out after an argument. >>> he definitely isn't haley joel oz ment in "the sixth sense." >> i see dead people. >> gretchen: a somali terror suspect asking to be transferred out of jail because he claims he sees ghost. his request quickly injected by a judge. he's accused of recuting and happening finance trysts abroad. he might be saying ghost for some of the alleged activity. >> steve: now the do
i know about the ugly stagnant economy. what is mitt romney and paul ryan offering? that's what we'll get out of wednesday. >> gretchen: the denver debate will focus on domestic policy. >>> the search for a houston mom ending in tragedy. police found her body in odessa, texas, more than 500 miles away from her apartment. her ex-boyfriend reportedly led authorities to her remains and is under investigation. no murder charges have been filed yet. she was last seen september 22, the...
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Oct 3, 2012
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it really say fun way of looking at the economy, of how beer is affected by the way the economy is doing. overall -- you're laughing. overall it's typically considered recession proof. it's cheap. but for $8 or $9, you can get a nice six pack at home without breaking the bank. and president obama also has a home brewing kit. all sorts of ways to drink your beer. >> i like when you say it's a fun way of looking at the economy. >> make it fun and entertaining. >> we'll have a brew after the show. thank you so much, alison kosik. >>> epic smackdown and a star is born. jennifer livingston in lacrosse, wisconsin, had more than a few choice words for a fan who criticized her weight. that fan wrote, quote, obesity is one of the worst choices a person can make. then he advised livingston to reconsider your responsibility to present and promote a healthy lifestyle. livingston responded speaking directly to that man who sent her that e-mail. his name is kenneth crouse. >> do you think i don't know that, that your cruel words are pointing out something that i don't see? you don't know me. you are n
it really say fun way of looking at the economy, of how beer is affected by the way the economy is doing. overall -- you're laughing. overall it's typically considered recession proof. it's cheap. but for $8 or $9, you can get a nice six pack at home without breaking the bank. and president obama also has a home brewing kit. all sorts of ways to drink your beer. >> i like when you say it's a fun way of looking at the economy. >> make it fun and entertaining. >> we'll have a...
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Sep 26, 2012
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economy. they are trying to squeeze it to use quantitative easing to help asset prices mostly in stocks. what happens is the distortions are going into the second derivative. it gets very difficult to tell risk on risk off what's real, what's memorex. simply the issues in europe are the poster child. the u.s. has similar ones but the issues are running much ahead of the cure or medicine. the deterioration in the economic horizons, whether france is moving into recession, spain moving into junk in terms of ratings agencies. those are real world economic fundamentals causing the treasury market and the safe harbors to reprice again. what's fascinating is if you look at a chart today we had new home sales. wasn't a bad number. best since basically 2010. if you go back to 2000 and look at the chart, all of 2004 and 2005 was above one million annualized units. the fundamentals near term are improving but in the big picture they're not. now you look at the chart of ten years. we are at a three-week
economy. they are trying to squeeze it to use quantitative easing to help asset prices mostly in stocks. what happens is the distortions are going into the second derivative. it gets very difficult to tell risk on risk off what's real, what's memorex. simply the issues in europe are the poster child. the u.s. has similar ones but the issues are running much ahead of the cure or medicine. the deterioration in the economic horizons, whether france is moving into recession, spain moving into junk...
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Oct 4, 2012
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that's not going to help us create jobs in our economy. that's not going to turn things around and it's not going to help household incomes rise. >> gretchen: okay. the guy on the other side of the fence who supports president obama, david axelrod, he says that your guy, romney's performance, was a performance. and that president obama will call him out next time. listen to this. >> will he change his approach for the next debate? there will be a rematch. will we see a more adepressive president? >> well, i know he's look very much forward to the debate on the 16th and i'll leave it to the theater critics to decide whether -- how his performance rates on that day. but i know this, he will come, he will make an honest argument with the american people about how he rebuilds the economy and middle class and hold governor romney to account for these big gaffes in the truth that we saw last night. >> gretchen: he didn't really answer the question about whether or not the president would be more aggressive. he went in a different interview to sa
that's not going to help us create jobs in our economy. that's not going to turn things around and it's not going to help household incomes rise. >> gretchen: okay. the guy on the other side of the fence who supports president obama, david axelrod, he says that your guy, romney's performance, was a performance. and that president obama will call him out next time. listen to this. >> will he change his approach for the next debate? there will be a rematch. will we see a more...
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Sep 28, 2012
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i still think the economy in the u.s. looks better than most people would argue. the up tick in housing may be very helpful to the unemployment situation. so i wouldn't get overly bearish on the economy either, given that sector is finally starting to improve. >> rick santelli, as i mentioned, midday the results of those stress tests on the spanish banks came in not as bad as feared. that took the sheen off the treasury rally we'd had to that point. what are you watching otherwise right now? >> well, it took the sheen off, but we're still a couple basis points down on the day. we're still down a dozen basis points on the week. traders are going to continue to monitor the realities of spain, the realities of whether a bailout will be requested. you know, as carol knows from her book, if 90% of all the entrepreneurs don't succeed, it's not going to help them in the stock markets are up. what will help them is if the fundmentals are up. >> wow, carol, you have a fan of your book. >> we're chicagoans. we stick together. >> where do you stand on europe right now? are w
i still think the economy in the u.s. looks better than most people would argue. the up tick in housing may be very helpful to the unemployment situation. so i wouldn't get overly bearish on the economy either, given that sector is finally starting to improve. >> rick santelli, as i mentioned, midday the results of those stress tests on the spanish banks came in not as bad as feared. that took the sheen off the treasury rally we'd had to that point. what are you watching otherwise right...
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Oct 4, 2012
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don't tell me the economy is growing slower than when the president took office. that's not true. >> in the last year and the year before. the last three years is what i'm referring to. >> the last three years we've had growth. i agree the growth hasn't been strong enough. >> right. diana, do you think we could see a 75% tax rate here if, in fact, the president gets re-elected? would what's happening in france carry over here? is it the same ideology? >> no, because congress has to pass the tax rates over here. we have a congress. congress might let the rates go up to -- right now they're planning on letting them drop to 45%. when you add in state and local and some -- >> 39.6. what's five here or there. >> it's not 39.6. you have to add the medicare tax, the phase out of the personal exemption and standard deduction. that works out to around 44%. excuse me. >> okay, dpofolks. >> we're not going to get up to 75%. >> on that i agree. >> plus, our corporate tax rate is ten percentage points above that of our international competitors n competitors. that needs to be
don't tell me the economy is growing slower than when the president took office. that's not true. >> in the last year and the year before. the last three years is what i'm referring to. >> the last three years we've had growth. i agree the growth hasn't been strong enough. >> right. diana, do you think we could see a 75% tax rate here if, in fact, the president gets re-elected? would what's happening in france carry over here? is it the same ideology? >> no, because...
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Oct 2, 2012
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the problem is 74% of our economy is consumer spending. so in the short-term, it could be a negative impact, but in the long-term, it's probably a positive. >> brian sullivan, thank you. >>> up next, travel like the president. peter alexander shows us what it takes to move the leader of the free world from place to place. we'll be right back. humans -- even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why, at liberty mutual insurance, auto policies come with new car replacement and accident forgiveness if you qualify. see what else comes standard at libertymutual.com. liberty mutual insurance. responsibility. what's your policy? >>> have you ever wondered what it's like to travel like the president of the united states? or like steve rattner? a new travel channel series explores what life on the road is like for some of the country's most high-profile people. nbc news correspondent peter alexander takes us inside the logisti logistics. >> reporter: aboveground when two certain presidents
the problem is 74% of our economy is consumer spending. so in the short-term, it could be a negative impact, but in the long-term, it's probably a positive. >> brian sullivan, thank you. >>> up next, travel like the president. peter alexander shows us what it takes to move the leader of the free world from place to place. we'll be right back. humans -- even when we cross our t's and dot our i's, we still run into problems. namely, other humans. which is why, at liberty mutual...
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Sep 27, 2012
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dagen: -- how to frame this for a year now, private economy versus government economy. again, read the "wall street journal" editorial page. thank you, dan. good to see you. >> all right. dagen: our next guest says the best bet for investors is to put their money right where the federal reserve is. joining us now is ceo of advisors asset management. overseas 8.9 billion dollars in assets as the company's chief investment officer. scott good of you to be here. how much wind do you think the markets and which markets have at their back because of the federal reserve? what they said with this new policy is really open ended. >> not only is it open ended, but they committed that they would continue this behavior well into any recovery that we would see. and that's probably the big difference of what we saw last week versus the prior fed policy of just going on these bond-buying programs, calling it qe 1, qe 2. dagen: the goal of what the fed is doing to drive longer term interest rates down even more than you would put your money in treasuries, because it is very hard to ge
dagen: -- how to frame this for a year now, private economy versus government economy. again, read the "wall street journal" editorial page. thank you, dan. good to see you. >> all right. dagen: our next guest says the best bet for investors is to put their money right where the federal reserve is. joining us now is ceo of advisors asset management. overseas 8.9 billion dollars in assets as the company's chief investment officer. scott good of you to be here. how much wind do...
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Sep 27, 2012
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nicole: all of those things are very important to the economy. focusing on the budget and moving forward. we have had a stronger euro, weaker dollar. really gave a boost to our market here. they are very sensitive to the headlines abroad. the dow is up 78-point right now. i want to talk about the analyst calls. first yahoo! with a bite over at goldman sachs. just saying now that it is looking pretty good for yahoo! back to you. melissa: thank you so much. we'll climbing back after closing below $90 a barrel yesterday. so much weakness in that. bill clinton is in the pits -- phil flynn is in the pits. >> if you look it goes off the board today. the biggest spread to the next month. it is a classic squeeze play. a lot of physical counseling buyers as well as a lot of people betting after hurricane isaac gasoline production would come storming back. a lot of issues around the globe about not just here in the u.s., imports of gasoline are down big time. every major market across the country, you have the tightness of supply. there is worried that the
nicole: all of those things are very important to the economy. focusing on the budget and moving forward. we have had a stronger euro, weaker dollar. really gave a boost to our market here. they are very sensitive to the headlines abroad. the dow is up 78-point right now. i want to talk about the analyst calls. first yahoo! with a bite over at goldman sachs. just saying now that it is looking pretty good for yahoo! back to you. melissa: thank you so much. we'll climbing back after closing below...
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Sep 28, 2012
09/12
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and fade the economy. sell materials because those are exposed to the global economy. it makes some sense in theory. but the world doesn't act that way anymore. so look what's happened. the overall market has done very well. i'm sticking with sectors for the month. but this is true for the quarter as well. if you're fading materials, it doesn't make sense. it's been one of the big gainers. energy stocks have been big gainers. so a whole market has been lifted because of the actions of the federal reserve. take a look at the global indices. that hasn't worked that well this month or quarter at all. spain, germany and brazil have outperformed the s&p 500. and even china, while it isn't doing great, i'm not making any claims it is, it's almost on the par with the united states so far this month. my point here, carl, is don't fight ben bernanke. if he came out and said, ladies and gentlemen, me and mr. drogy and i want people to buy stewed prunes, everybody should listen carefully. you may think it's wrong, but i sure would not go out and short stewed prunes on that idea.
and fade the economy. sell materials because those are exposed to the global economy. it makes some sense in theory. but the world doesn't act that way anymore. so look what's happened. the overall market has done very well. i'm sticking with sectors for the month. but this is true for the quarter as well. if you're fading materials, it doesn't make sense. it's been one of the big gainers. energy stocks have been big gainers. so a whole market has been lifted because of the actions of the...
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Oct 2, 2012
10/12
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what i am interested in hearing is what are thoughts about the economies around the world. there seems to be concern about europe that while there is -- we heard from the secretary of treasury that the euro will hold together. i don't get a sense that people are feeling the european economy is anywhere near coming out of recession, that we may see a long prolonged i don't know it is recession or depression. it is up to the u.s. so that makes us want to look at primarily u.s. companies. there was one counter intuitive thing i learned that apparently the move to the paperless office is endangering the forest. now they are not useful to be sold for paper but other things that will destroy theforest. i thought that was interesting. it was very counter intative. >> taking the trees down and selling it for lands or other uses. >> she was urging me to use paper. that was funny. >> you pulled out a pad and started writing. >> i really wouldn't have expected that. i think there is -- >> do you think that is why bernanke is printing all this money? trying to save the trees. >> this i
what i am interested in hearing is what are thoughts about the economies around the world. there seems to be concern about europe that while there is -- we heard from the secretary of treasury that the euro will hold together. i don't get a sense that people are feeling the european economy is anywhere near coming out of recession, that we may see a long prolonged i don't know it is recession or depression. it is up to the u.s. so that makes us want to look at primarily u.s. companies. there...
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Sep 27, 2012
09/12
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we could grow the economy. that's what governor romney is going to try to do and i think eventually that will be reflected in the polls. >> when i look at my own state, our governor quinn has let a few slips, call them freudian slips almost hinting that should illinois get in big trouble, probably the federal government will find a way to help. this is nothing that i want to hear even talked about indirectly. do you think this will be an issue at some point? >> it could be. and let me be very clear. in nebraska and all across america, i just chaired the national governor's association this past year. americans do not want the federal government to bail out states that have failed, that have failed to adopt a balanced budget, that they continue to raise taxes. that's not what we want as americans. we want states to control their spending, create more jobs. so i certainly don't think the federal government ought to bail out a state like illinois or california if they can't do it themselves. >> governor, it's been
we could grow the economy. that's what governor romney is going to try to do and i think eventually that will be reflected in the polls. >> when i look at my own state, our governor quinn has let a few slips, call them freudian slips almost hinting that should illinois get in big trouble, probably the federal government will find a way to help. this is nothing that i want to hear even talked about indirectly. do you think this will be an issue at some point? >> it could be. and let...
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Oct 2, 2012
10/12
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healing and -- >> the real economy, not just the stock market bernanke economy. >> particularly in the small mid cap space we're investing, the companies tend to be less international and tend to be doing well. most, if not all are having record earnings this year. there's much so be worried about in the economy but the underlying economy is healing. >> you're talking about the consumer strength basically? most companies are consumer oriented. >> the consumer has been strong, industrial manufacturing has been strong, software has been strong, you know, it's -- i'm not generalizing the whole economy but our job is to find value in the market and certainly our companies are building cash flows and where they're importantly finding ways to unlock the value. >> joe is a fan of jack-in-the-box. >> i am. in contrast -- >> i am a fan of chico's. >> in contrast to other fast food chains although there aren't many i'm not a fan of. >> that's obvious. >> i like jack-in-the-box, too. the play on jack in the box, they used to have a corporate parent in the day so they wind up opening their own sto
healing and -- >> the real economy, not just the stock market bernanke economy. >> particularly in the small mid cap space we're investing, the companies tend to be less international and tend to be doing well. most, if not all are having record earnings this year. there's much so be worried about in the economy but the underlying economy is healing. >> you're talking about the consumer strength basically? most companies are consumer oriented. >> the consumer has been...
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Sep 26, 2012
09/12
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the economy there has turned around number one. and number two, i think you've got to say that romney is not resonating with middle class voters, they don't like his business background, don't like his policies. for whatever reason they're not thrilled with obama, it would be ridiculous to say that, but i think the middle class just doesn't like mitt romney. stuart: what would you advise mitt romney to do in the debates one week from now? >> not be super, super aggressive, but being dispassionate and explain in great detail why his prescription would help the economy. i think most people don't get it yet. they don't understand the romney prescription. he has time. i want to emphasize, the race is not over yet. plenty of money, two more unemployment reports to come three presidential debates. he has time, but he has to explain clearly why his plan is better. stuart: i've got one more thing i wish you could explain for me again. again in a poll in ohio out this morning, it gives president obama a 25 point lead amongst women. can you
the economy there has turned around number one. and number two, i think you've got to say that romney is not resonating with middle class voters, they don't like his business background, don't like his policies. for whatever reason they're not thrilled with obama, it would be ridiculous to say that, but i think the middle class just doesn't like mitt romney. stuart: what would you advise mitt romney to do in the debates one week from now? >> not be super, super aggressive, but being...
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Sep 28, 2012
09/12
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that would slow the economy. it would reduce job creation and keep us stuck in the low growth, high unemployment environment we're at right now. lori: just for my background sake here in the u.s. we're at about 1% expansion rate. what is the highest level of income taxes you could pay to keep us in a free enterprise capital structure society? >> well, you know, i think it is hard to pick a particular rate because it depend on the tax base and a lot of other things. however, you know, right now we're at 35% and we have no growth. a lot of people point to the clinton years, you know what, we raised taxes and economy grew. go back and look at the in those days. the economy had everything going in its favor. right now the economy has everything going against it. raising taxes now based on lodgic we could raise it back then the two things don't jibe. we're in completely different time frame. lori: so what do you think will happen in france? you've got to predict a mass exodus. what does that mean for places like londo
that would slow the economy. it would reduce job creation and keep us stuck in the low growth, high unemployment environment we're at right now. lori: just for my background sake here in the u.s. we're at about 1% expansion rate. what is the highest level of income taxes you could pay to keep us in a free enterprise capital structure society? >> well, you know, i think it is hard to pick a particular rate because it depend on the tax base and a lot of other things. however, you know,...
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Oct 1, 2012
10/12
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some romney advisers to keep the focus on the economy, some are saying romney should have a major foreign policy speech days after the debate. over the weekend, the white house was on the defensive after the friday's announcement that the deadly assault on the u.s. consulate in bengahzi was deliberate and organized. peter king of new york called on susan rice to resign as u.s. ambassador to the united nations after she initially claimed the attack on the consulate was part of the spontaneous protest after an anti-islamic video. yesterday paul ryan and john mccain slammed the administration's handling of the deadly attack. >> the response was slow, confused, inconsistent. they first said it was a youtube video and a spontaneous mob. we now know it was a planned terrorist attack if this was one tragic incident that would be a tragedy in itself. the problem is it's part of a bigger picture that the obama foreign policy is unraveling before our eyes on tv screens. >> i think it interferes with the depiction that the administration is trying to convey that al qaeda is on the wane, everything i
some romney advisers to keep the focus on the economy, some are saying romney should have a major foreign policy speech days after the debate. over the weekend, the white house was on the defensive after the friday's announcement that the deadly assault on the u.s. consulate in bengahzi was deliberate and organized. peter king of new york called on susan rice to resign as u.s. ambassador to the united nations after she initially claimed the attack on the consulate was part of the spontaneous...
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Sep 26, 2012
09/12
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economy, we're watching materials as well today. typically these react most when we have these increase concerns about the problems in the eurozone, the ongoing problems and the lack of progress in actually dealing with those problems. higher expenses at apply there. that stock is likely to be a big mover today. we want to note american greeting signal a.m. receiving an offer to go private from the weis family. again, still no open for the ipo. >> let's shift to the bonds and the dollar. good morning, rick. >> good morning, carl. like an answering machine, there's a loop and the markets have a loop and we're seeing this loop again and we all know what it is. let's look at some one-month charts. it's starting to come down. you can see aggressively the boon chart, over the sea, over the pond. their rates on the ten-year maturity are looking very similar. also moving down. well, what's moving up? let's look at a one-month chart of two-year maturities in spain. you can see what's kicking up. about 25 basis points. you can see what's kic
economy, we're watching materials as well today. typically these react most when we have these increase concerns about the problems in the eurozone, the ongoing problems and the lack of progress in actually dealing with those problems. higher expenses at apply there. that stock is likely to be a big mover today. we want to note american greeting signal a.m. receiving an offer to go private from the weis family. again, still no open for the ipo. >> let's shift to the bonds and the dollar....
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Sep 30, 2012
09/12
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CNNW
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the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ >>> i'm susan hendricks. let's get you caught up on the headlines now. as the president and mitt romney prepare for wednesday's first presidential debate, we've learned a little inside info on how they're getting ready. senator john kerry is going to play the role of mitt romney when the president holds his practice sessions. rob portman is portraying the president in mitt romney's preps. you can catch that debate at 7:00 p.m. eastern on cnn and also cnn.com. >>> the pope's butler went on trial, accused of stealing secret papers and leaking them to an italian journalist. the butler faces a sentence up to eight years if convicted. >>> a rival b
the economy needs manufacturing. machines, tools, people making stuff. companies have to invest in making things. infrastructure, construction, production. we need it now more than ever. chevron's putting more than $8 billion dollars back in the u.s. economy this year. in pipes, cement, steel, jobs, energy. we need to get the wheels turning. i'm p. making real things... for real. ...that make a real difference. ♪ >>> i'm susan hendricks. let's get you caught up on the headlines now....
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Sep 30, 2012
09/12
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economy remains highly competitive the world economic forums report ranks the u.s. overall as the seventh most competitive in the world. that's why a few months ago, "the economist" magazine predicted an american renaissance. where we have slipped badly of late is in our investments, in people, science and infrastructure. so, president obama's message is urgent and relevant. but why do we have to choose between these two views? we need tax and regulatory reform to make ourselves competitive. america has to make itself attractive for investors, consumers and tourists alike but also should make the crucial investments we need for a 21st century economy. these two views look at the same challenge from different perspectives. governor romney's right to look at the world that companies operate in with its challenges and opportunities. over the last 20 years as communism collapsed and socialism discredited there have been lower taxes and stream lining of regulations. the u.s. has to stay competitive or over the long run, investment, industry and jobs will move to other la
economy remains highly competitive the world economic forums report ranks the u.s. overall as the seventh most competitive in the world. that's why a few months ago, "the economist" magazine predicted an american renaissance. where we have slipped badly of late is in our investments, in people, science and infrastructure. so, president obama's message is urgent and relevant. but why do we have to choose between these two views? we need tax and regulatory reform to make ourselves...
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Sep 29, 2012
09/12
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FBC
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we're hurting the economy. unless we change the laws, the regulations that implement them will state. lori: can you tell me or is it fair to suggest that these burdensome costs are actually shaving points of gdp? >> there is no question about that. again, if i told you there have been a $500 billion tax increase will be talking and howard slow gdp growth. we know the debt burden is slowing gdp growth. its other shock that we are crawling along at something under one-and-a-half percent because we have an economy that has to many burdens. large new spending programs, large debt, and now large regulatory burden. lori: the most costly federal agencies of the epa, department of housing and human services. ideas for cuts? baena we are locked in as we are talking about, but going forward . >> you have to go to the epa and ask a very, very serious question. what point have we crossed the line with a green agenda is crushing the jobs agenda. i think that is a place where we ought to start. think hard about has been goin
we're hurting the economy. unless we change the laws, the regulations that implement them will state. lori: can you tell me or is it fair to suggest that these burdensome costs are actually shaving points of gdp? >> there is no question about that. again, if i told you there have been a $500 billion tax increase will be talking and howard slow gdp growth. we know the debt burden is slowing gdp growth. its other shock that we are crawling along at something under one-and-a-half percent...
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Sep 28, 2012
09/12
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the spanish economy dropping 6.5%. cheryl: charles payne was on with us when this crashed the wires. this does not mean anything to him. they do not need new capital. shocker. ashley: it really paves the way for the government itself to ask for a full-blown bailout. they are still concerns about the conditions attached that the ecb outlined. over there books and budget which they do not like. cheryl: before you go, ashley, i have to get your pre-action. france, 75% in taxes. ashley: 75%. if you earn over $190,000, your rate will be 45%. it is purely symbolic. it is not going to generate a whole lot of money. anyone earning that kind of money is already moving their money around. it will hurt france because they will not be able to attract the top ceos or business either. cheryl: double-click a huge mistake. ashley, thank you very much. we will see you at 2:00 p.m. eastern time. dennis: in other solar company soaking up tax dollars. dan springer joins us live in portland, oregon. >> one that we try to ask the ceo yester
the spanish economy dropping 6.5%. cheryl: charles payne was on with us when this crashed the wires. this does not mean anything to him. they do not need new capital. shocker. ashley: it really paves the way for the government itself to ask for a full-blown bailout. they are still concerns about the conditions attached that the ecb outlined. over there books and budget which they do not like. cheryl: before you go, ashley, i have to get your pre-action. france, 75% in taxes. ashley: 75%. if you...
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Oct 2, 2012
10/12
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economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether congress can strike what deal and avoid the so-called fiscal cliff. >>> one major retailer hoping for a merry holiday season is jc penney. ceo ron johnson continues to outline his plans for the struggling chain store. the stock down 30%. johnson speaking on the record and excuse swivel our courtney real been the state of his business. courtney? >> hi, tyler, good afternoon. jc penney ceo ron johnson has just begun speaking. the toirng the rocky road to reinventing retape. spoke with johnson exclusively before he took the stage at the event. now, 700 of the total 1100 jc penney stores are being outfitted with shops.
economy, this holiday shopping season a key gauge on whether this sluggish economy can shift into a somewhat higher gear. new numbers out today from the world's largest retail trade association, the nrf, says u.s. retail sales should rise 4.1% this holiday season. pretty merry. don't get too excited. that is actually slower than the growth the past two years. so, why the slow down in the nrf says the biggest things holding consumers back is uncertainty over the economy and whether congress can...
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Oct 1, 2012
10/12
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, alleged stronger economy. everything is in quotes. >> that's right. to me that is why '09 is an analogy for europe because the financial crisis really plateaued in the u.s. in the spring of '09 and the economic data didn't show improvement until the late '09. >> good to have you as always on the program. let's take a look at the markets as we head to break. have you the dow up 150 points, perhaps offer the best levels and nasdaq way off the highs as well and a rare one at that given what mondays have usually meant to the markets over the last several months. up next, live from the value investing congress, the fourth quarter playbook continues live as i fannish from the heart of new york city. will financialing out shine and which pang stocks should you bet on and how big of a threat is china to u.s. stocks? halftime reports comes back. with the fidelity stock screener, you can try strategies from independent experts and see what criteria they use. such as a 5% yield on dividend-paying stocks. then you can cus
, alleged stronger economy. everything is in quotes. >> that's right. to me that is why '09 is an analogy for europe because the financial crisis really plateaued in the u.s. in the spring of '09 and the economic data didn't show improvement until the late '09. >> good to have you as always on the program. let's take a look at the markets as we head to break. have you the dow up 150 points, perhaps offer the best levels and nasdaq way off the highs as well and a rare one at that...
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Sep 27, 2012
09/12
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the economy. as to the specific measures that they undertake, old habits die hard and respecting the independence of the federal reserve, you're not going to get me to make a comment, evaluating those measures one way or the other, but i think that the judgment that monetary policy should be oriented to domestic economic strength is the right basic approach for monetary policy to take. >> does it surprise you to see the euro at $1.28 to $1.30, because that surprises me. >> i've long ago given up being surprised by currency values. the only forecast you can make is the famous jpmorgan forecast that they will fluctuate. >> i know that you are going to be looking at tax reform and the idea of whether or not we can cut marginal rates because this has been so discussed in this election cycle. mitt romney has laid out a plan to bring down marginal rates and try and get rid of a lot of the deductions. does that work in your opinion? >> look, i think we always want marginal rates as low as we can have the
the economy. as to the specific measures that they undertake, old habits die hard and respecting the independence of the federal reserve, you're not going to get me to make a comment, evaluating those measures one way or the other, but i think that the judgment that monetary policy should be oriented to domestic economic strength is the right basic approach for monetary policy to take. >> does it surprise you to see the euro at $1.28 to $1.30, because that surprises me. >> i've long...
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Sep 27, 2012
09/12
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this is the obama economy. 8.1% unemployment. $6 terrell in new obama debt. 1 in 6 americans currently live in poverty in this country. 46 million americans are in need of food stamps. fewer americans are working today than when the president took office in january of '09. gas prices have soared by over 100% during his tenure. today we learn that the average household income dropped by more than 8% in the less than four years president obama's been in office. what's the president doing about all that? well, he's, of course, campaigning out there all over the country. earlier today he stopped by kent state university in ohio, a place he visited back in 2008. let's take a walk down memory lane and see what he said. >> when bill clinton was president the average family income went up $7500. $7500. since george bush has been president, it's gone down $2,000. think about that. that's a $9500 swing. $9500. that's money out of your pocket. that's money going out of this country because we're borrowing it from china to send to saudi arabia to buy oil. that's what's added $4 trillion to our def
this is the obama economy. 8.1% unemployment. $6 terrell in new obama debt. 1 in 6 americans currently live in poverty in this country. 46 million americans are in need of food stamps. fewer americans are working today than when the president took office in january of '09. gas prices have soared by over 100% during his tenure. today we learn that the average household income dropped by more than 8% in the less than four years president obama's been in office. what's the president doing about...
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Oct 3, 2012
10/12
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CNBC
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i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some people think that's cyclical. i think there's prob a m secular component to it. >> this is a very important point you're making because china's growth has been driven by the export economy. you're saying that it's in trouble, it's broken. >> i'm not saying it's broken. i'm saying there's a transition going on towards consumption exporting to europe and real estate are no longer going to be their drivers nap will probably create more volatility than we've had in the past. >> how easy is it to expect this transition? you're buying in the consumer space. >> yes, and you have the transition of the government. one of the other big messages we picked up over there, particularly in i understondia, emerging market central banks, they're very concerned about what the traditional bank
i would tell you, i do think the chinese economy in particular, the export economy, is structurally broken. i think that's a big change. i've been going to china since 1995. i think there's a fundamental shift in what's going on. we saw that in the caterpillar numbers. you saw that in the federal express numbers. some people think that's cyclical. i think there's prob a m secular component to it. >> this is a very important point you're making because china's growth has been driven by the...
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Oct 3, 2012
10/12
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KPIX
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economy got a boost from car sales. they keep just rolling along, automakers sold 1.2 million vehicles in september a 13% gain from the same month a year ago. general motors said its sales rose 1.5% its highest for september sales in four years. the dow fell 32 points to close at 13,400. the nasdaq rose 6.5 points. another boost to the u.s. economy from home sales. market researcher says prices were up 4.6% in august from a year ago. that is the largest year-over-year gain in six years. august was also the sixth month in a row that home prices were up on a month over month basis. and there might be an app for just about anything but there's not one that can make your iphone bullet proof. you'll need a case for that. a japanese company claims it's 4.5 pound case can stand up to a gunshot. it was put to the test. the man fired a bullet at the case and it held up. the problem is the phone cracked after the gunshot sent it tumbling into some rocks. it sells for $665. now i know what to get you for christmas. >> i want that.
economy got a boost from car sales. they keep just rolling along, automakers sold 1.2 million vehicles in september a 13% gain from the same month a year ago. general motors said its sales rose 1.5% its highest for september sales in four years. the dow fell 32 points to close at 13,400. the nasdaq rose 6.5 points. another boost to the u.s. economy from home sales. market researcher says prices were up 4.6% in august from a year ago. that is the largest year-over-year gain in six years. august...
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Sep 28, 2012
09/12
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i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. neil: president coming out swinging, hitting his favorite target, rich fies guys, with a patriotic duty to pay more. so jay, you hear this, and are you offended or what? >> i think it's shameful our president would accuse people who disagree with his tax policy unpatriotic, does that meaner mean erskine bowles and unpatriotic, the president owes everyone a apology. i am a supply side economic guy, i disagree with his policy, i am as patriotic as h he is, i am offended, i have a number of obama supporters that are appalled. neil: you are not enthused with what we said. dan, i thought, i guess he is okay with the 47% who don't pay income taxes, some legitimately ly, i know, that is a staggering figure, but that is okay? >> that is, neil, i assume you are directing it to me. neil: yes, i am. >> f
i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. neil: president coming out swinging, hitting his favorite target, rich fies guys, with a patriotic duty to pay more. so jay, you hear this, and are you offended or what? >> i think it's shameful our president would accuse...
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Sep 28, 2012
09/12
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citing deteriorating outlook of the global economy. so not a great way to start the morning. >> no, not great, but i like seeing what we did -- i saw ge and i was going to tell whoever thinks that we need to kiss up to them still -- >> minority partner. >> they are. but comcast would have been a better -- or we could have done both. and did i see something that it had first quarter, second quarter, third quarter? what do i need in the fourth quarter to get to the 30%? do we hahave that anymore? is that gone? no, they don't have it. >> i saw the dow, s&p and nasdaq. >> what did it add up to? adds up to like 15 or so. >> i just saw for this quarter. >> oh, it didn't show first quarter, second quarter -- >> no. >> there are corporate headlines. people started getting plaq blackberries? >> they beat expectations. >> they lost money, they beat expectations. >> but they added subscribers. >> subscribers in developed countries. the point is a developing -- in the developing countries, i mean -- >> that's us. >> no, developing. >> okay. >> so
citing deteriorating outlook of the global economy. so not a great way to start the morning. >> no, not great, but i like seeing what we did -- i saw ge and i was going to tell whoever thinks that we need to kiss up to them still -- >> minority partner. >> they are. but comcast would have been a better -- or we could have done both. and did i see something that it had first quarter, second quarter, third quarter? what do i need in the fourth quarter to get to the 30%? do we...